Press release
Marine Telematics Market Application & Key Segments Commercial, Passenger, and Defense Analysis by 2026
Allied Market Research published a report, titled, "Marine Telematics Market by Component [Hardware, Software, and Service (Safety & security, information & navigation, entertainment, and Diagnostics)] and Application (Commercial, Passenger, and Defense): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global marine telematics industry garnered $6.8 million in 2018, and is estimated to reach $30.0 million by 2026, growing at a CAGR of 21.3% from 2019 to 2026. The report also provides a detailed analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive landscape, and wavering market trends.
Drivers, restraints and opportunities-
Improved ship monitoring and fuel management and increase in trend of connectivity solutions have boosted the growth of the global marine telematics market. However, high integration cost and lack of uninterrupted & seamless internet connectivity hampers the market. On the contrary, anticipated trend of automation in marine transportation and better driver and vessel safety are expected to create lucrative opportunities in the near future.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6073
The hardware segment to lead the trail by 2026-
The hardware segment dominated the market in 2018, contributing more than half of the market. This is attributed to the latest development and supportive devices to technology & infrastructure that increased the investments in the telematics sector. However, the software segment is projected to register the fastest CAGR of 22.1% during the forecast period, owing rising adoption and growing innovation in software such as cloud storage, planned maintenance-based software, and software integration through SAT & GPRS communication, IoT, and AI.
The commercial segment held the largest share in 2018-
The commercial segment held the lion's share in 2018, accounting for more than three-fourths of the market, owing to rising number of ships and prominent & secure way of transportation of goods through commercial ships and rapid upgradation & development to introduce automation in commercial ships. However, the passenger segment is projected to manifest the fastest CAGR of 24.1% during the forecast period, owing to rising number of ships and prominent & secure way of transportation of goods through commercial ships.
For purchase inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6073
Asia-Pacific, followed by Europe and North America, to rule the roost in terms of revenue-
The market across Asia-Pacific ruled the market in terms of revenue in 2018, contributing more than two-fifths of the market, owing to rising sale & productions of ships coupled with adoption of trending technologies and fastest pace toward automation. However, the market across Europe-followed by North America-is expected to portray the fastest CAGR of 22.7% during the forecast period, owing to adoption of autonomous technology in marine transport segment.
Leading market players-
o Boat Command
o Sentinel Marine solutions
o Market Spectrum, Navis
o Traxens, AST MSL
o Cybernetica, ki2 Infotech
o Metocean
o Technoton
Driving factors for the market
1. Enhance ship monitoring and fuel management
2. Rise in trend of connectivity solutions
Market Restraints and Opportunities:
1. High integration cost
2. Lack of uninterrupted & seamless internet connectivity
3. Anticipated trend of automation in marine transportation
4. Better driver and vessel safety
Access Complete Research Report @ https://www.alliedmarketresearch.com/marine-telematics-market
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Drivers, restraints and opportunities-
Improved ship monitoring and fuel management and increase in trend of connectivity solutions have boosted the growth of the global marine telematics market. However, high integration cost and lack of uninterrupted & seamless internet connectivity hampers the market. On the contrary, anticipated trend of automation in marine transportation and better driver and vessel safety are expected to create lucrative opportunities in the near future.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6073
The hardware segment to lead the trail by 2026-
The hardware segment dominated the market in 2018, contributing more than half of the market. This is attributed to the latest development and supportive devices to technology & infrastructure that increased the investments in the telematics sector. However, the software segment is projected to register the fastest CAGR of 22.1% during the forecast period, owing rising adoption and growing innovation in software such as cloud storage, planned maintenance-based software, and software integration through SAT & GPRS communication, IoT, and AI.
The commercial segment held the largest share in 2018-
The commercial segment held the lion's share in 2018, accounting for more than three-fourths of the market, owing to rising number of ships and prominent & secure way of transportation of goods through commercial ships and rapid upgradation & development to introduce automation in commercial ships. However, the passenger segment is projected to manifest the fastest CAGR of 24.1% during the forecast period, owing to rising number of ships and prominent & secure way of transportation of goods through commercial ships.
For purchase inquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6073
Asia-Pacific, followed by Europe and North America, to rule the roost in terms of revenue-
The market across Asia-Pacific ruled the market in terms of revenue in 2018, contributing more than two-fifths of the market, owing to rising sale & productions of ships coupled with adoption of trending technologies and fastest pace toward automation. However, the market across Europe-followed by North America-is expected to portray the fastest CAGR of 22.7% during the forecast period, owing to adoption of autonomous technology in marine transport segment.
Leading market players-
o Boat Command
o Sentinel Marine solutions
o Market Spectrum, Navis
o Traxens, AST MSL
o Cybernetica, ki2 Infotech
o Metocean
o Technoton
Driving factors for the market
1. Enhance ship monitoring and fuel management
2. Rise in trend of connectivity solutions
Market Restraints and Opportunities:
1. High integration cost
2. Lack of uninterrupted & seamless internet connectivity
3. Anticipated trend of automation in marine transportation
4. Better driver and vessel safety
Access Complete Research Report @ https://www.alliedmarketresearch.com/marine-telematics-market
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
